Member Info for ElHumphreys

Angie Wired Extreme – 10 Gigabit Pure Fibre Connection accross the UK, for FREE https://www.youtube.com/watch?v=utj2nHGBXXY

Angie Communications is rolling out 10Gig connectivity across the UK and is not using Cityfibre's Backbone but of operators like COLT and Zayo. https://angiecommunications.newswire.com/news/1-18332607

northernsoul, that's not what investors think. Check out BT.A shares. Also you oviously didn't understand the document. Read it again.

Haitong concludes Openreach “cannot be legally separated” from BT Group http://www.proactiveinvestors.co.uk/companies/news/170407

northernsoul, here: http://www.colt.net/news/colt-delivers-100g-enabled-network Colt is focused on enabling critical business connectivity solutions by building out a multi-terabit optical backbone and next generation packet network optimised for 100Gbps connectivity. “To enable this transition, Colt is driving a data centre-focused, distributed network topology, offering direct 100Gbps connections to over 200 key data centres, carrier hotels and cloud aggregation points, putting customers closer to the core of their digital business,” said Rajiv Datta, CTO, Colt. Read both the articles and enjoy. BTW, In contrast, Cityfibre's KCOM network is tiny.

COLT is buiding the largest alternative Backbone Network in the UK delivering100Gbs. http://www.colt.net/blog/2016/11/28/british-backbone-network/

The Investment is aimed at communities in Rural Areas which have long complained that their businesses have been badly damaged by poor internet connections. A European Commission survey this year found that only just under half of Britain's rural households had access to superfast broadband at 30Mbps, a level that allows users to watch films online. It is not aimed at Companies like CityFibre who want to Cherry Pick Business only areas. Emerging Third party providers are companies such as Hyperoptic who provide service by utilising other provider’s backbone infrastructure. Most of the £1 Billion pounds is reserved for 5G trials for the mobile Industry and not for companies like CityFibre.

BT and Virgin Media will benefit more from it as they are planning to roll out massive (billions of pounds worth) new (FTTP) Fibre To The Home infrastructure across the UK next year. CityFibre is only worth a tiny fraction of it.

www.marke****ch.com/story/cityfibre-pretax-loss-widens-chairman-to-leave-2016-09-26

This is what the chairman said "CityFibre reported a much widened first-half pretax loss, after booking near doubled administrative expenses, and said that to date it has seen no changes in customer behavior or demand since the U.K. vote to exit the European Union." http://www.marke****ch.com/story/cityfibre-pretax-loss-widens-chairman-to-leave-2016-09-26

The Treasury Fund is a loan and not free money, available to all aternative Companies. CityFibres mounting debt and administration costs are already a problem. CityFibre's executive Chairman, Peter Manning is leaving at the end of the year because of it.

Virgin Media and BT also welcome HM Treasury Fibre Fund.

Not much use if CityFibre aren't around in the long term.

northernsoul, It's not a case of one or the other. CityFibre has no chance of success in the near future. It will probably go bust. It has fierce competition from Giants (Virgin Media, BT, COLT, Angie etc). Just look at the trailing messages. Re Woodford, It is obvious from the media, that Woodford has made bad mistakes this year.

The latest monthly update from Neil Woodford's flagship equity income fund shows the master investor has been going against the market http://money.aol.co.uk/2016/11/21/should-you-follow-neil-woodford-into-recent-fallers-bats-cpi-an/

Big losses for him then, in the near future, as Cityfibre goes bust.

Woodford trust falls into worst performers list in October http://www.investmentweek.co.uk/investment-week/news/2476723/woodford-trust-falls-into-worst-performers-list-in-october

COLT is building a 100Gbs backbone network across the UK. CityFibre has no chance with it's more than a decade old and some unused KCOM network. http://www.colt.net/news/colt-delivers-100g-enabled-network/

Here is another link if you can't access FT http://www.thinkbroadband.com/news/7549-virgin-media-boosts-fttp-coverage-to-50-in-project-lightning.html

Virgin Media aims to become a major alternative to BT with massive FTTH rollouts in the UK backed by £3 Billion investment from parent company, Liberty Global. https://www.ft.com/content/fee3e60e-a289-11e6-82c3-4351ce86813f